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Home Companies Retail

OK Foods, Metro Hyper record biggest price drops in August ‘24

by editor
September 1, 2024
in Retail
10
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In August ‘24, OK Foods recorded the biggest price drop among retailers in Windhoek, with an overall basket decrease of 13.47% year-on-year.

Key contributors to this decrease included Beef Stew, which dropped from N$124.99 in ‘23 to N$99.99 in ‘24; Macaroni Pasta Polana, which decreased from N$107.99 in ‘23 to N$79.99 in ‘24; and Twinsaver Toilet Paper, which fell from N$96.99 in ‘23 to N$79.99 in ‘24.

In contrast, Choppies saw an overall basket increase of N$975.68, rising from N$894.80 in ‘23, marking an 8.29% year-on-year increase.

The increase was primarily driven by Cooking Oil (2 liters) increasing from N$69.99 in 2023 to N$76.99 in ‘24, Beef Stew rising from N$69.99 in 2023 to N$94.99 in ‘24, and Tomatoes per kilogram climbing from N$20.99 in ‘23 to N$39.95 in ‘24.

Woermann Brock followed with an overall basket decrease of 7.70%, securing third place. Pick ‘n Pay came in fourth with a 2.84% decrease, Checkers followed in fifth with a 2.34% decrease, Spar took sixth place with a 2.02% decrease, and Shoprite rounded out the group with a minimal decrease of 0.41%.

Among hypermarkets, Metro Hyper emerged as the most affordable with a month-on-month decrease of 12.43%, followed by Checkers with a 0.41% decrease from July to August ‘24. Woermann Brock, however, saw a basket increase of 2.79%.

The commodity spotlight for August ‘24 was on 2kg Rice (Mamas). Choppies offered the most affordable average price at N$43.06, followed by Spar at N$43.12, Shoprite at N$43.26, Pick ‘n Pay at N$43.96, Woermann Brock at N$44.48, OK Foods at N$45.99, and Checkers with the highest average at N$46.79.

Spar continues to sell their store brand cooking oil, while Choppies is expanding its options by now offering the Nola brand, which has been selected for the survey. Additionally, Choppies exhibited a basket decrease of 4.22%, while Spar demonstrated a month-on-month increase of 6.01%.

Our grocery basket comprises:

Loaf of bread

2-litre Nola Sunflower Oil

5kg Top Score maize meal

2.5kg Marathon sugar (white sugar)

1.5kg Real Good Chicken

1kg Beef stew

2kg Mama rice

3kg Pasta Polana Macaroni

1-litre Nammilk full cream milk

9 Twinsaver toilet paper (350 sheets)

700ml Wellington tomato sauce

1kg Sunlight Washing powder

750ml Sunlight dishwashing liquid

500g Rama Butter

18 Waldschmidt eggs (medium)

150g Protex bar soap

100ml Colgate toothpaste

1kg Onions

1kg Potatoes

1kg Tomatoes

Note: We do not take specials or loyalty card discounts into consideration. When we find certain goods on special, for example, “Get N$10.00 off when buying 18 (medium) eggs and pay N$55.00,” we will log the price as N$65.00 to exclude the special.

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